Categories: Market Overview

FxPro Daily Insight for August 9

Market brief FX: The foreign exchange market has quieted down anticipating further signals. USDX lost 0.1% on Friday morning. JPY is growing, but NZD, AUD, EUR add too. At the other end of the spectrum are RUB, TRY, ZAR – lose 0.2% to USD.

Stocks: Markets suspended recovery after a new round of escalating trade tensions in the US and China. Chinese indices are losing 0.5-0.7%, SPX are down 0.4%.

Commodities: Brent fluctuations settled after the collapse on Wednesday, this morning oil lost 0.5% to $ 57.25. Gold closed shy above $ 1,500 on Wednesday and Thursday but reluctant to update recent highs at $ 1,510.

Important Upcoming Events (GMT): 08:30 GBP [!!!] UK GDP Preliminary estimate 12:30 CAD [!!!] Canada Employment 12:30 USD [!!!] US Producer Price Index 17:00 Brent [!! ] Baker Hughes U.S. Rig Count

Detailed economic calendar

The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

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